9-1 Discussion Measuring Results

Which of the following statements is true about strategic goals? Group of answer choices They are set by an organization's middle managers. They are set by first-line managers. They provide plans for the day-to-day operations of an organization. They focus on broad and general issues. Their focus is on short-term issues.

Recommend how you will monitor and control the cost focus strategy in Langston Roach Industries, Trinidad and Tobago. This can include performance reviews, budget analysis and reporting, etc. A complete answer will give insight on the cost focus stretgy, a definition of strategic control and how they plan to move foward with monitoring and controlling this strategy in the business.

Which is a better planning tool: benchmarking or forecasting? Support your answer.

Describe the activities of any small business you know or are familiar with (e.g. physical, online). Using the framework for designing annual objectives, discuss how the small business in question will apportion annual objectives to its staff and control the process   Using examples, explain how goals, targets, annual objectives, and long-term objectives will be different among corporate bodies, public sector institutions and non-governmental organizations   With one (1) example each, state and explain five (5) outputs derived from a business policy

Steps in the planning process: 1. Feasibility analysis 2. Prediction and projection 3. Goal articulation/problem diagnosis 4. Alternatives’ design 5. Implementation 6. Evaluation What sequence of the above steps best describes the rational planning process and why? Discuss

Recommend how you will monitor and control the cost focus strategy in Langston Roach Industries, Trinidad and Tobago. This can include financial control and other forms of control like performance reviews, budget analysis and reporting, etc. A complete answer will give insight on the cost focus stretgy, a definition of strategic control and how they plan to move foward with monitoring and controlling this strategy in the business.

SHORT ANSWER If you were a business owner, which of these goals might you be able to accomplish using the framework of Theory Z or Theories X and Y? Could you use Theory Z to work on one goal and use Theories X and Y to work on another goal, thereby accomplishing two goals with these theories by using a different approach on each of the two goals? Goal 1: Improve quality of a product or service. Goal 2: Improve employee collaboration. Goal 3: Foster decision making skills in the workforce. Goal 4: Develop and maintain a successful workforce in a global environment. Goal 5: Develop strong leadership in the work place. Goal 6: Foster adherence to organizational values, ethics, and professional responsibility.

Provide two recommendations that you think Estee Lauder should taketo strategically advance itself. One should be short-term (6 months – 3 years), and one should be long-term (3 – 5years). You need to thoroughly explain each recommendation, and you need to provide recommended action stepsfor each goal – you are the consultant, so they need your guidance on this. Explain why you are giving theserecommendations and why you think they will help the organization.

If you were in charge of strategic planning for your organization, what changes would you make? Give at least (1) unique strategy in today’s world for nonprofit and profit organizations. When developing and implementing strategy, does the organization effectively balance short and long-term priorities? Why? Does the organization need several strategies for differentiation, innovation, customer alignment, and a detailed plan of forecasted strategies? Why?     Please Answer this Thank You.

The vision of an organisation is a statement of the dream or ambition or where the organisation would want to see itself in the future. The mission statement explains what the organisation will do to achieve the vision. It is important to get clarity on the differences between the vision and mission. Evaluate PepsiCo’s vision and mission statements by using the characteristics of good vision and mission statements. Mention whether each one of the statements is good or can be improved on.

A. Identify the critical success factors (CSF) of an organization?B. Describe the CSF approach methodology in IS planning?C. Discuss the use of business systems planning (BSP) in IS planning?

Perform the tasks for Jet Blue Airways(JBLU) (SWOT) Matrix, (SPACE) Matrix, (BCG) Matrix, (IE) Matrix, Grand Strategy Matrix, and Quantitative Strategic Planning Matrix (QSPM)  Please give advantages and disadvantages of alternative strategies Specify how your recommendations can be implemented and what results you can expect Prepare forecasted ratios and projected ?nancial statements Present a timetable or agenda for action Hopefully this is better

In a recent case study on strategic planning, a prominent company exemplified the pivotal role of thoughtful and forward-looking strategies in achieving sustained business growth. The company, faced with increasing competition and changing market dynamics, undertook a comprehensive strategic planning process to reassess its goals, identify potential opportunities, and mitigate potential risks. The planning phase involved a thorough analysis of market trends, customer needs, and technological advancements, leading to the formulation of a robust business strategy. Implementation of the strategic plan involved aligning the workforce, investing in technology upgrades, and forging strategic partnerships. The results were remarkable, as the company not only strengthened its market position but also achieved significant revenue growth, demonstrating the transformative power of effective strategic planning.   Question: How can businesses strike a balance between the need for adaptability in a…

Q2: Explain how managers use planning techniques to evaluate the opportunities and threats in the organization’s environment and formulate strategy.

The MBO technique has been criticized for putting too much emphasis on achieving goals (ends) and not enough on the methods people use to achieve them (means). Discuss if it is/isn't a flaw in the technique or how managers apply it. How might a balanced emphasis on ends and means be achieved?

5. Business Feasibility Analysis of the demand (include highlights of the findings of the market feasibility study), risk (include business and market risks), environmental impact.   6. Justification of the Business Economic, social and personal benefits.

what are the pros and cons of the following five-point plan?  1. Each salesperson would continue to supervise company-owned stores and independent dealers. 2. Salespeople would be given specific objectives for facilities appearance and a percentage of sales of convenience store merchandise purchases from the Company’s designated distributors. 3. Salespeople would be given mandates that no retail outlet would remain closed for more than 30 days. 4. Sales volume objectives for salespeople would remain in place. Current year volume objectives would not change. 5. Regional sales managers’ annual objectives would be revised to be consistent with salespeople’s new objectives.

What is the purpose, advantages, and disadvantages of each of the following matrices:  SWOT- Strength, Weaknesses, Opportunities, & Threats SPACE- Strategic Position and Action Evaluation (not covered in class; do your research and reading to find out what it is) BCG- Boston Consulting Group IE- Internal/External GS- Grand Strategy QSPM- Quantitative Strategic Planning Matrix Which do you think is/are the strongest of these? Why?

In your own opinion, which is a better planning tool: benchmarking or forecasting?

Explain the concept of a mission statement and how it is related to the planning process.

Manny is the Marketing Director for a children’s clothing line. He recently met with his boss, the Chief Marketing Officer, who walked him through the company’s new five-year strategic plan and the specific goals for his department. To evaluate whether goals were met, Manny must develop a list of “success metrics” and measure those throughout the course of the year and develop remediation plans if goals get off track. Manny’s work is an example of which of the functions of management? a.    Controllingb.    Leadingc.    Organizingd.    Planninge.    None of the above

Strategic leadership can also be defined as utilizing strategy in the management of employees. It usually requires the following with the exception of O a. a list of possible risks O b. a vision Oc. a mission O d. a set of goals strategy or plan Oe.